The Enforcement Directorate (ED) March 19 provisionally attached movable and immovable assets worth Rs 84.24 crore linked to promoters of KBC Multitrade Pvt Ltd under Prevention of Money Laundering Act. The said company is accused of carrying out a multilevel…[Continue Reading...]
Multilevel marketing giant Amway reported a 5% decline in earnings year over year, which the company attributed to a strong U.S. dollar and the ongoing fallout of pulling out of Russia. The Ada, Mich.-based company sent out an earnings press…[Continue Reading...]
Most multilevel marketers have rebuttals at the ready when potential recruits accuse them of peddling a pyramid scheme. One of the canned comebacks for Donald Trump’s late-aughts MLM—because, of course, Trump once had his own MLM—is a doozy: “If you…[Continue Reading...]
The consumer advocacy organization truthinadvertising.org (TINA.org) has published the results of a yearlong investigation into the multilevel marketing (MLM) industry that found widespread use of deceptive income claims to promote their business opportunities. Of the 100 companies examined, 98 percent…[Continue Reading...]
Here's another multi-level-marketing scheme to be aware of. It's called "Trades of Hope" and Hannah Alonzo describes it as an MLM scheme "disguised as an advocacy organization." Here's how the Trades of Hope website pitches the business to potential "partners"…[Continue Reading...]
TikToker Kate Kowalczik (@lcswkate) recently uploaded a viral clip that’s accrued over 781,000 views in which she delineates how, on several occasions, she’s been approached by multi-level marketing employees while shopping in “discount stores.” Kowalczik highlights how these individuals will…[Continue Reading...]
It’s the start of 2024 and many South Africans are looking into developing multiple streams of income to survive financially as the cost of living soars. Multi-level marketing (MLM) structures continue to garner attention in side hustles, but what are…[Continue Reading...]
Pyramid scheme news: In 2023, India witnessed the launch of over 400 new multi-level marketing pyramid schemes, marking a five-year high, Economic Times reported citing Strategy India, a consultancy specialising in policy, compliance, and direct selling, and an associate member…[Continue Reading...]
VANCOUVER, BC, Nov. 16, 2023 /CNW/ - The B.C. Securities Commission (BCSC), as part of a coordinated U.S.-Canada enforcement action, has issued a temporary order against three B.C. residents and several related internationally-based companies to stop the promotion of an…[Continue Reading...]
Final guests have arrived for a birthday bash dubbed the party of the year after a Japanese billionaire splashed out more than £300,000 to hire an Italian city. Kaoru Nakajima has block booked the finest hotels in Palermo, on the…[Continue Reading...]
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